Two ETFs that seek to capture the “Night Effect” in US large and small-cap equities are shutting down as overnight trading strategies have significantly underperformed their daytime counterparts over the past year.

Global X has expanded its suite of systematic covered call strategies with the launch of a second fund based on the US small-cap Russell 2000.

Newly minted ETF issuer NightShares has debuted two US equity funds that seek to capture the “Night Effect”, a phenomenon whereby overnight markets have historically outperformed daytime trading sessions on a risk-adjusted basis.

Vanguard has trimmed the fees on 11 US-listed ETFs that provide a range of mainstream equity and fixed income exposures.

JP Morgan Asset Management expanded its ETF offering earlier this month with the launch of the actively managed, large-cap-focused JPMorgan Active Value ETF (JAVA US) on NYSE Arca.

The Index Industry Association (IIA) has released the results of its fifth annual global benchmark survey, revealing record-breaking growth in the number of ESG indices produced by its members.

First Trust has expanded its actively managed multi-manager ETF line-up by launching a new fund on NYSE Arca focused on US small-cap equities.

Avantis Investors has expanded its investment offering with the launch of four new actively managed ETFs on NYSE Arca.

Hartford Funds has launched the Hartford Schroders ESG US Equity ETF (HEET US), an actively managed multi-factor US equity fund that is the firm’s first ETF to directly incorporate a socially responsible investment mandate.

FTSE Russell has launched the FTSE EU Climate Benchmarks Index Series, a suite of climate-themed equity indices aligned with the Paris Agreement’s goal of limiting global warming to two degrees above pre-industrial levels.